Contactless is a new, faster way of paying for low-value purchases with your National Bank MasterCard card. Simply tap your card on the contactless reader next to the retailer’s cash register to pay instead of fishing for change, signing a credit card receipt or entering a PIN for transactions of usually less than $100 (the limit is established by the merchant). Contactless is only available on MasterCard credit cards equipped with a chip (smart cards).

With contactless, your credit card never leaves your hand during a transaction. The card must be tapped against the reader for a transaction to be processed. Only purchases that are less than the limit established by the merchant can be made using contactless. Transactions for larger amounts will still require the usual credit card authentication procedures.

1.4 With this new technology, will swiping your card or inserting it in a terminal become a thing of the past?

National Bank MasterCard credit cards have a number of technological innovations that offer clients a variety of payment options. If a merchant has a contactless reader, clients can tap it with their cards to pay for purchases that are less than the limit established by the merchant. Transactions that exceed the merchant’s limit will still require the card to be swiped or inserted into the merchant’s terminal.

1.8 Because signatures are no longer required, am I liable for purchases made with my card if I lose it?

Much like paying for gas at the pump with your credit card, merchants offering the MasterCard contactless service do not require a signature for low-value purchases. If your card is lost or stolen, immediately contact National Bank’s Card Services at 1-888-622-2783 or 514-394-1427 in Montreal. Your card will be immediately deactivated and a new one will be mailed to you. MasterCard’s Zero Liability protection covers cardholders against any unauthorized purchases made with their credit card. Certain conditions and restrictions apply. Go to www.mastercard.ca for complete information.